Balwyn · Statistical Area 2 (SA2)

Economy & Advantage in Balwyn

How well-off the area is, how fast its population is growing, and the businesses and new homes here.

A top score of 10 for education and job skills marks Balwyn as an exceptionally qualified area. It is a highly advantaged place, with an overall advantage score of 1,109 that is larger than about 90% of other areas across the country.

Open map →
📍 Balwyn, Statistical Area 2 (SA2)

Where Balwyn sits — Socio-economic advantage (IRSAD decile)

9
1 2 3 4 5 6 7 8 9 10

All statistical area 2 (sa2) areas, 2021. The marker is Balwyn — higher than 86% of areas.

Socio-economic advantage (IRSAD decile) compared with the state and national average
Balwyn9
3103, VIC 10

Socio-economic advantage

SEIFA indexes ranking relative advantage and disadvantage.

Most residents have strong access to money and resources, with an overall advantage rating of 9. This puts the area in the top 10% of all regions across Australia.

9

Higher than 86% of statistical area 2 (sa2) areas.

ABS Index of Relative Socio-economic Advantage and Disadvantage, 2021, as a national decile: 1 = among the 10% most disadvantaged areas in Australia, 10 = among the 10% most advantaged. IRSAD summarises both advantage and disadvantage, so a high score reflects relatively many high-income, well-educated households and few low-income, low-skill ones.

8

Higher than 71% of statistical area 2 (sa2) areas.

ABS Index of Relative Socio-economic Disadvantage, 2021, as a national decile: 1 = among the 10% most disadvantaged areas in Australia, 10 = among the least disadvantaged. IRSD focuses on disadvantage alone (low income, low education, unemployment, unskilled occupations), so a higher decile means relatively less disadvantage.

8

Higher than 71% of statistical area 2 (sa2) areas.

ABS Index of Economic Resources, 2021, as a national decile: 1 = among the 10% lowest areas for economic resources in Australia, 10 = among the highest. IER reflects the income, housing costs, dwelling size and assets of households, so a higher decile means relatively greater economic resources.

10

Higher than 99% of statistical area 2 (sa2) areas.

ABS Index of Education and Occupation, 2021, as a national decile: 1 = among the 10% lowest areas for education and occupation in Australia, 10 = among the highest. IEO reflects residents' qualifications and the skill level of their jobs, so a higher decile means a more highly educated and skilled workforce.

1,109

Higher than 89% of statistical area 2 (sa2) areas.

ABS Index of Relative Socio-economic Advantage and Disadvantage, 2021, as a raw index score (standardised so the Australian average is about 1000). Higher scores indicate relatively greater advantage; lower scores greater disadvantage.

Population growth

Annual population estimates and change since the census.

The population has reached 16,868 people. However, recent growth of 3.3% is lower than most other areas and well below the Victorian figure of 8.0%.

Business & building

Operating businesses and dwellings approved.

Economic activity is high in the area, with 2,776 businesses, making it one of the largest hubs at this level.

2,776

Higher than 86% of statistical area 2 (sa2) areas.

Operating businesses (ABS Counts of Australian Businesses), June 2025.

Sources

  • Socio-Economic Indexes for Areas (SEIFA) — Australian Bureau of Statistics, 2021 (CC BY 4.0).
  • Regional Population (Estimated Resident Population) — Australian Bureau of Statistics, 2024 (CC BY 4.0).
  • Counts of Australian Businesses & Building Approvals — Australian Bureau of Statistics, 2025 (CC BY 4.0).

More for Balwyn

Cite this page

Australian Bureau of Statistics. (2021). Economy & Advantage in Balwyn [Census of Population and Housing]. CensusAtlas, used under CC BY 4.0. https://censusatlas.au/region/sa2/207011147/balwyn/topic/economy-advantage